Forex Market News & FX Forecast (2024)

Ethereum (ETH) Price Chart Looks Primed for Further Gains in the Coming Weeks2024-03-08 11:52:30Ethereum is bubbling under the $4k level after a sustained rally since late-January. The medium-term outlook remains positive but care needs to be taken in the short-term. US Dollar Remains Weak, Gold and Bitcoin Eye Fresh Highs as US NFPs Near2024-03-08 09:03:50Fed Chair Powell pushed the US dollar lower yesterday after indicating that rate cuts are on the horizon, a similar view to ECB President Lagarde earlier in the day. US Jobs Report to Guide US Dollar’s Outlook; EUR/USD, USD/JPY, GBP/USD Setups2024-03-08 00:25:00The February's U.S. jobs report is poised to inject a considerable amount of volatility into financial markets and may play a pivotal role in shaping the near-term trajectory of the U.S. dollar.Gold Price Forecast: US Jobs Data to Energize Rally or Squash It, Possible Scenarios2024-03-07 17:05:00This article examines gold’s outlook, exploring possible scenarios that could develop in the near term once Friday's U.S. employment data is released.Euro (EUR/USD) Drifts Marginally Lower After the ECB Leaves All Policy Rates Unchanged2024-03-07 13:37:30The European Central Bank (ECB) left policy dials untouched today and revised down both their inflation and growth targets.Japanese Yen Surges Against USD As Markets Again Mull BoJ Policy Exit2024-03-07 12:20:36Could March be the month when the Bank of Japan finally tightens policy, or at least looks serious about doing so? Bets are increasing.
US Dollar Remains Weak, Gold and Bitcoin Eye Fresh Highs as US NFPs Near2024-03-08 09:03:50Fed Chair Powell pushed the US dollar lower yesterday after indicating that rate cuts are on the horizon, a similar view to ECB President Lagarde earlier in the day. US Jobs Report to Guide US Dollar’s Outlook; EUR/USD, USD/JPY, GBP/USD Setups2024-03-08 00:25:00The February's U.S. jobs report is poised to inject a considerable amount of volatility into financial markets and may play a pivotal role in shaping the near-term trajectory of the U.S. dollar. Gold Price Forecast: US Jobs Data to Energize Rally or Squash It, Possible Scenarios2024-03-07 17:05:00This article examines gold’s outlook, exploring possible scenarios that could develop in the near term once Friday's U.S. employment data is released.Euro (EUR/USD) Drifts Marginally Lower After the ECB Leaves All Policy Rates Unchanged2024-03-07 13:37:30The European Central Bank (ECB) left policy dials untouched today and revised down both their inflation and growth targets.Japanese Yen Surges Against USD As Markets Again Mull BoJ Policy Exit2024-03-07 12:20:36Could March be the month when the Bank of Japan finally tightens policy, or at least looks serious about doing so? Bets are increasing.Euro’s Outlook Hinges on ECB Guidance; Trade Setups on EUR/USD, EUR/GBP, EUR/JPY2024-03-07 01:35:00This article discusses the upcoming ECB decision and its potential ramifications for the euro's outlook. In the piece, we also explore the technical profile for EUR/USD, EUR/GBP, and EUR/JPY, assessing price action dynamics and market sentiment.
US Dollar Drifts Lower, Gold Rally Continues, US NFPs on the Horizon2024-03-07 08:54:38Federal Reserve Chair Jerome Powell gave little away yesterday at his semi-annual testimony to the House yesterday, leaving the US dollar in limbo ahead of Friday’s US Jobs Report. Gold Price Latest: All-Time High Remains Within Touching Distance2024-03-06 08:40:10Later today Fed Chair Jerome Powell will testify before the House Financial Services Committee and gold traders will be listening carefully. Crude Oil Prices Struggle As China Growth Plans Fail to Convince2024-03-05 15:00:10Oil prices remain stuck between still-plentiful global supply and concerns about energy demand in major industrial economiesGold Prices Surge Ahead of Key US Data, All-Time High in Sight2024-03-05 09:22:14Gold has surged over the last two trading sessions, elevating 30-day gold volatility in the process. Central bank demand for the precious metal is expected to continue in 2024Gold (XAU/USD) Price Probes Fresh Multi-Month Highs, More to Follow as NFPs Loom?2024-03-04 09:02:08Last Friday’s sharp rally sent gold back to levels not seen since early-December. With little in the way of technical resistance ahead of last year’s spike high, will gold continue to rally?
Nasdaq Bulls Maintain Upward Trajectory Ahead of US Data, Fed Speakers2024-03-04 18:30:17The tech-heavy index started the week around Friday’s close but trading appears muted in a week of ‘high importance’ US data including Powell’s testimony and NFP Dow and Nasdaq 100 Ease Back While Hang Seng Bounce Hits a Wall2024-02-29 12:30:00US indices continue to tiptoe lower after last week’s highs, while the Hang Seng’s bounce from the January lows is coming under pressure.FTSE 100 Recovers, while Dax and Dow make Further Gains2024-02-16 12:00:00Indices have put the US CPI reading firmly behind time, with the Dax moving to a new record and the Dow targeting 39,000. Even the FTSE 100 is moving higher.
Forex Market News & FX Forecast (2024)

FAQs

How is the forex market today? ›

Today, the dollar is under pressure from a rally in stocks, which curbs liquidity demand for the dollar. Also, the yen soared... The S&P 500 Index ($SPX ) (SPY ) today is up +1.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.29%.

What is the forex forecast? ›

Forecasting in FX means predicting current and future market trends by utilising existing data and various facts. Being an analyst, one should rely on both fundamental and technical statistics in order to predict the directions of the economy, the stock market, and individual securities.

What is the best news source for forex trading? ›

Forex News Websites
  1. Forexlive. ForexLive is a highly-regarded publication dedicated to providing real-time news, analysis, and tools for the global forex trading community. ...
  2. DailyFX. ...
  3. ForexNews. ...
  4. ForexNews.PRO. ...
  5. LeapRate. ...
  6. Forex Crunch. ...
  7. Investing.com » Forex. ...
  8. FX Empire.
Jul 21, 2024

How to forecast forex market? ›

Traders need to pay attention to fundamental factors such as: gross domestic product (GDP), inflation, economic growth activity, and manufacturing. Thus, fundamental analysis in Forex involves studying the economic strength of various countries, in order to make wise Forex predictions.

Is now a good time to trade forex? ›

The forex market runs on the normal business hours of four different parts of the world and their respective time zones. The U.S./London markets overlap (8 a.m. to noon EST) has the heaviest volume of trading and is best for trading opportunities.

Is today a good day to trade forex? ›

In short, Tuesday, Wednesday and Thursday are widely considered to be the three best days of the week to trade. Forex trading is best at the busiest times. This often means the best return on your investment, as well as the most profitable trades.

Is this the end of forex trading? ›

When will forex end? The forex market is critical to the global economy, supporting international trade and investment. Considering its essential role, there is no anticipated date or likelihood that the forex market will end.

How much longer will forex be around? ›

Yes. Forex trading will last forever, will never go to an end. It is a worldwide marketplace where traders trade various currencies and make a profit. It consists of transactions more than $9 trillion, which is increasing day-by-day.

Does forex trading have future? ›

Remember, you can trade forex using both futures and spot prices. Here are the main differences between the two: With spot trading, the trade is executed immediately and has no expiry, while with futures, the trade only settles on the agreed-upon future date.

What is the safest forex to trade? ›

List of Top 10 Stable Currency Pairs
  1. EUR/USD. The EUR/USD currency pair takes the largest portion of the overall trading volume. ...
  2. GBP/USD. GBP/USD is another heavily traded currency pair. ...
  3. USD/JPY. USD/JPY is the second most traded currency pair. ...
  4. USD/CAD. ...
  5. AUD/USD. ...
  6. USD/CNY. ...
  7. USD/CHF. ...
  8. GBP/JPY.

What's better than forex trading? ›

If your goal is to take a buy-and-hold approach for positions in the long-term, then the stock market is a safer and regulated option that can result profits in even larger profits over a period of time, if that stock is successful.

Where do most traders get their news? ›

This involves reading stories from various newspapers and financial websites, as well as listening to updates from financial news networks, such as CNBC and Bloomberg. The futures markets, as well as the broad market indexes, are noted as traders form opinions about the direction they expect the market to trend.

Is it possible to predict forex news? ›

Technical analysis in forex enables traders to predict movements by analyzing historical data and identifying trends and potential reversals. These indicators offer insights into trend direction, volatility, and momentum, empowering informed decision-making in the dynamic forex market.

What time is best to invest in forex? ›

The best forex trading time in India is 9.00 am to 3.30 pm, with cross-currency trade continuing until 7.30 pm However, India's currency market hours aren't always consistent in terms of liquidity and variability. Due to overlapping trade sessions around the world, they differ.

How do I find a good forex strategy? ›

How to choose the best forex trading strategy
  1. Time frame. Choosing a time frame that suits your trading style is very important. ...
  2. Number of trading opportunities. When choosing your strategy, you should answer the question: how frequently do I want to open positions? ...
  3. Position size. ...
  4. Scalping. ...
  5. Day trading. ...
  6. Position trading.
Apr 22, 2024

What is the current forex rate? ›

Currency Rates
EUR/USD 16:06:19-0.0037-0.34
AUD/CHF 16:02:46-0.0018-0.31
GBP/NZD 16:02:55-0.0105-0.49
USD/INR 16:05:17+0.046+0.06
USD/CNY 16:04:02+0.0277+0.38
37 more rows

Which forex is best today? ›

Top Gainers
SymbolChange %Change
EUR/GBP+0.25%21.1 pips0.00211
USD/CAD+0.18%24.8 pips0.002475
NZD/CAD+0.05%4.2 pips0.00042
EUR/AUD+0.01%1.0 pips0.0001

Is the forex market growing? ›

The Forex Trading Platform market is expected to grow annually by magnificent (CAGR 2024 - 2032).

How is the forex market working? ›

The forex, or FX, is the global marketplace for the exchange of currencies. As such, it determines the value of one currency against another in the real world. Forex prices determine the amount of money a traveler gets when exchanging one currency for another.

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